Carraro India more than halves from IPO price after Q3 profit drop

** Carraro India CCARRARO slides 19% to 351.5 rupees, more than half of its IPO price of 704 rupees

** Stock loses for second straight session

** Auto components maker posted Q3 profit slump as rev increase was outweighed by rise in expenses

** CARD down 35% since February 6 closing

** Around 2.2 mln shares traded, 8x the 30-day avg

** Co marked lacklustre debut in December, 2024